With the new year comes a flurry of predictions from travel industry bodies and opinion leaders about what will be the main travel trends and hot destinations this year, which can be of interest to the timeshare industry too.
ABTA, in its annual Travel Trends Report, predicts a good year for destinations emerging from troubled times such as Sri Lanka, or even Iraq, as well as those recovering from recent issues like Thailand or Mexico. Turkey (with Istanbul as European City of Culture), Morocco and Egypt are also expected to perform well following recent investment in infrastructure.
Consumers will continue to look for the best value offers and may flock to Dubai to take advantage of bargain deals following the country’s financial collapse. Price-capped holidays such as all inclusive will continue to be popular, something that may also attract new timeshare buyers.
Mintel predicts that consumer confidence will be restored in 2010. Escapism will resonate both in and outside the homes as consumers splurge on big purchases and new experiences.
Air travel may suffer as more travellers drive rather than fly whenever possible, to avoid increase security measures and add-on fees introduced by airlines, as well a new increase in Air Passenger Duty.
As for specific industry predictions, Fractional Life has its list of top trends to look out for in the fractional ownership industry this year. It includes an increase in the number of traditional timeshare operators and whole ownership developers offering fractional options; the rise of smaller, high quality, boutique fractional real estate; more ‘green’ fractionals; and bespoke fractional real estate agents, amongst others.